If Flipkart losses haven’t alarmed Walmart, Amazon India’s should
Walmart has daringly jumped into a market where Amazon has already invested billions of dollars. For now, it looks more like bravado than bravery
If Walmart Inc. is perturbed by Flipkart Ltd’s high losses, it hasn’t shown any signs of it yet. Instead, it coolly told investors that Flipkart’s operating loss may expand to around $1.35 billion in FY20. This is far higher than the loss of $685 million (₹4,586 crore) the Indian e-commerce reported in FY17. Operating loss refers to its consolidated loss before interest and tax.